New Delhi. Rating agency Moody’s has said good things about India’s economy. According to Moody’s, India’s growth rate i.e. GDP is expected to be 7.1 percent from January to December in the year 2024. Earlier, Moody’s had estimated that India’s GDP would be 6.8 percent in 2024. Moody’s has also estimated India’s economy to grow by 6.6 percent in 2025-26. Moody’s has also estimated inflation in India. Earlier, rating agency Moody’s had predicted the inflation rate in India to be 5 percent. Now it has said that the inflation rate can be 4.7 percent.
Earlier, the World Bank had estimated that India’s GDP could be 7 percent in the current financial year. Earlier, the World Bank had estimated that the GDP would be 6.6 percent. The International Monetary Fund (IMF) had also estimated in the past that India’s GDP would grow at the rate of 7 percent. The reason behind the consistent good estimates about India’s economic growth rate by rating agencies and international financial institutions is that India has performed well despite all the global problems and pressures. Even during the Corona period, India’s economy was seen performing better than many countries including China and America.
India is currently the fifth largest economy in the world. PM Narendra Modi has announced that in his third term, India will become the third largest economic power in the world. In such a situation, if the GDP estimates released by Moody’s, World Bank and IMF turn into reality, then it will become easier for India to move forward on the path of progress. This will also benefit the countrymen and there will be a possibility of increase in their per capita income as well.
